FLIP4NEW
Company

Last deal

$381.49K
Local Amount - EUR 300K

Amount

Seed

Stage

08.09.2010

Date

1

all rounds

$381.49K

Total amount

date founded

Financing round

General

About Company
FLIP4NEW is an e-commerce platform that enables customers to exchange their used electronic gadgets for new gadgets, vouchers, or cash.

Industry

Sector :

Subsector :

founded date

01.10.2009

Number of employees

Company Type

For Profit

Last funding type

Seed

IPO status

Private

Description

FLIP4NEW is an online marketplace that offers a seamless and fast way for consumers to buy and sell used electronics. By calculating the trade-in value of their gadgets, customers can easily trade them for new gadgets, vouchers, or cash. This not only saves customers money but also time, as the buying and selling process is handled in a single transaction. FLIP4NEW aims to improve the way consumers buy and sell gadgets, while also contributing to the reduction of carbon dioxide emissions and the conservation of rare resources by extending the lifecycle of electronics.
Contacts

Contact Email

Social url

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M&A Details
1

Transaction name

Acquired by

Foxway

announced date

07.05.2021

Financials

Funding Rounds
1
1

Number of Funding Rounds

$381.49K

Money Raised

Their latest funding was raised on 08.09.2010. Their latest investor Paua Ventures. Their latest round Seed

Date 
Funding Round 
Investors 
Money Raised 
Lead 
08.09.2010
2
$381.49K
Local Amount - EUR 300K
Paua Ventures

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Paua Ventures is a Berlin-based venture capital firm that invests in European early-stage B2B software companies.

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Paua Ventures

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Christian Buchenau

Christian Buchenau

As a Partner and member of the founding team of Paua Ventures Christian is mainly responsible for structuring funding rounds and leading exit discussions. He serves on board for various companies out of the Paua portfolio and acts as a mentor for Microsoft Accelerator, Techstars and XY. He is frequently giving lectures on entrepreneurship, startups and VC-financing at LMU Munich. Prior to Paua he had worked in M&A at Deutsche Bank in Frankfurt and Vienna. Christian holds a finance Master from EADA Business School, Barcelona.

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Lars Hinrichs

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Lars Hinrichs first logged onto the internet in 1989 with an acoustic coupler and hasn't logged off since. This early passion for all things digital kick-started his entrepreneurial streak that remains strong today. One of his first efforts, politik-digital.de, was an award-winning platform for politics and new media he launched at 22. Following that early success, his next venture, a respected new media consulting firm, went bust -- but not without first paying rich dividends in learning. Lars applied those learnings to his third major effort, XING, a highly successful business networking platform. As Founder and CEO, Lars oversaw its 2006 IPO, making XING the world's first Web 2.0 company to go public. He then successfully steered it for two years post IPO, beating all predicted indices and developing a regrettable taste for high calorie energy drinks. He also became active in investing in -- and helping secure funding for -- a wide range of tech startups, proving his instinct for great talent and game-changing ideas. When heâ's not working on his fourth (and most exciting) start-up yet, Lars can be found advising on the Global Leaders of World Economic Forum, the Young Global Leaders, and helping Germany with their digital strategy as part of the UNICEF council. He also looks back fondly on his ten days of official learning at Harvard Kennedy School - John F. Kennedy School of Government and his countless days of unofficial learning as an enthusiastic TEDster. And in those welcome moments when he is offline, Lars enjoys being regularly humbled and awed by his two wonderful children.

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HackFwd
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count Of Investments

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count Of Exists

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People

Founders
1
Michael Sauer
Michael Sauer

Michael Sauer

current job

FLIP4NEW
FLIP4NEW

count Of Investments

1

count Of Exists

1

Michael Sauer

Employee Profiles
2
Michael Sauer

Michael Sauer

Founder & CEO

Activity

Recent News
0